Odisha Govt signs 13 MoUs worth Rs.98,880 Crore at Investors’ Meet in Delhi
08-Apr-2025 09:17 PM 8278
Bhubaneswar, Apr 8 (Reporter) The Odisha government on Tuesday signed 13 Memorandums of Understanding (MoUs) with industrial houses, attracting investments worth Rs.98,880 crore during an Investors’ Meet held in New Delhi. Chief Minister Mohan Charan Majhi, currently in New Delhi, held several one-on-one meetings with top industry leaders and participated in the Investors’ Meet on Tuesday. According to sources from the Chief Minister’s Office (CMO), a total of 13 MoUs were signed, amounting to Rs.98,880 crore, significantly boosting the state's capabilities across various sectors. These projects are expected to generate approximately 67,000 employment opportunities, fostering regional economic growth and enhancing industrial activity. In addition, 15 investment intents were received, bringing the total investment proposals to Rs.1,03,090 crore, with the potential to create 95,915 jobs. One of the key highlights of the event was the signing of an MoU between the Government of Odisha and Indian Oil Corporation Ltd. (IOCL) for the establishment of a Dual-Feed Naphtha Cracker Project. This landmark agreement is expected to bring in investments of over Rs.58,042 crore and generate employment for 24,000 individuals. Apart from IOCL, agreements were also signed with Indian Strategic Petroleum Reserves Ltd. (ISPRL) and Petronet LNG. These partnerships further strengthen Odisha’s role in India’s petrochemical sector and reflect a strong commitment to sustainable industrial development, import substitution, and a resilient supply chain. In a significant move, the Odisha government signed several high-value MoUs with leading industry players during the event. In his keynote address, Chief Minister Majhi reiterated Odisha’s vision of emerging as a major petrochemical and manufacturing hub. He described the MoU with IOCL as a landmark moment in the state’s industrial journey, stating that Paradip, with its strategic location and evolving infrastructure, is poised to become a transformative industrial hub, akin to Dahej port in Gujarat. The Chief Minister also held discussions with representatives from a range of companies. According to official sources, Kiri Industries plans to set up a specialty chemical production unit, Himadri Specialty Chemical Ltd. is looking to revamp a tyre manufacturing unit in Balasore, SLMG Beverages Pvt. Ltd., a leading bottler, will expand its manufacturing capacity in Odisha. The Chowgule Group is exploring the establishment of a shipbuilding and repair unit, while Inox GFL Group intends to invest in the chemical sector, following its acquisition of Gujarat Fluorochemicals. The Bombay Dyeing Mfg. Co. Ltd. discussed potential investments in the home furnishing and textiles sector. These engagements highlighted strong investor interest in establishing manufacturing units that would contribute to local economic growth and job creation. Furthermore, discussions with organizations such as the Association of Indian Manufacturers of Medical Devices (AIMED), the Toy Association of India, and the United States-India Business Council underscored growing interest across diverse sectors, including medical devices and apparel. Chief Minister Majhi assured industry leaders of the Odisha government’s firm commitment to driving economic growth. He emphasized the administration’s focus on enhancing infrastructure, simplifying regulatory processes, and investing in skill development tailored to industry needs. Eds : Here pls pick up from CA 6...////...
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